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South Lake, WA 6164
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$910,000
market range $850K-$1.0M
Median Unit
$660,000
list-price estimate
Gross Yield (houses)
4.2%
1yr Growth (houses)
+20.5%
market range +15.0% to +27.5%
Investment snapshot for South Lake
South Lake has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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South Lake market and investor summary
In South Lake, WA 6164, the median house sells for around $910K, on a gross rental yield of 4.2% for houses. House prices have moved +20.5% over the past year and +73.5% over three years. At 1.0% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.2% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking.
Living in South Lake: people, income and schools
South Lake is home to around 5,831 people, and the area has been growing steadily, up about 22% over five years. At a median age of 36, it reads as broadly working-age, and 72% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $91,000 a year (about $1,740 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 10.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 12% over five years, which tends to underpin what local buyers can pay.
Families have 35 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. South Lake sits about 18 km from the CBD. It is fairly car-dependent; the suburb scores 46 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 5,831
- +22% over 5yr
- Median age
- 36 years
- Median household income
- $91,000/yr
- Households renting
- 26%
- Family households
- 72%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 35
- avg ICSEA 958
- Unemployment
- 2.6%
- Distance to CBD
- 18 km
- Walk score
- 46/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in South Lake
View all →Frequently asked questions about South Lake
What should I check before investing in South Lake?
South Lake has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.9% gives a usable rent-to-price starting point. Capital growth of +20.5% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in South Lake?
The median property price in South Lake, WA 6164 is $910K for houses.
What rental yield does South Lake show?
The gross rental yield in South Lake is 4.2% for houses and 4.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for South Lake?
House prices in South Lake are up 20.5% over the past year and up 73.5% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in South Lake?
The current vacancy rate in South Lake is 1.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in South Lake?
South Lake has a population of approximately 5,831 residents, with a median age of 36.
What schools are near South Lake?
There are 35 schools within roughly 5km of South Lake. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is South Lake affordable to buy in?
A median house in South Lake costs about 10.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is South Lake's population growing?
The population of South Lake has grown about 22% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is South Lake from the CBD?
South Lake is about 18 km from the CBD.
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